Our review of all companies listed in the FTSE 100 in the year to 31 December 2019, continues to show an upward trend in reporting tax transparency. This comes at a time when the COVID-19 pandemic is creating an economic crisis of unforeseen proportions, bringing with it increasing focus on the relationship between the private sector and the state. The implications for tax and tax transparency are wide ranging and one outcome already evident, is a closer review of the tax affairs of businesses receiving state support. You can find out more about tax transparency in our summary of voluntary tax reporting in 2019 here.
If you would like to discuss this further, please contact one of our experts:
Andrew Packman, Total Tax Contribution and Tax Transparency leader,
Janet Kerr Tax Reporting & Strategy,
Chris Huggins Tax Reporting & Strategy,